Maxwell Engineering Solutions IPO Listing Price, GMP History

IPO overview

Maxwell Engineering Solutions Limited has scheduled its initial public offering to open on October 30, 2026, and close on November 3, 2026. Trading in the equity shares is planned on the NSE Emerge platform following anchor investor allocation held on October 29, 2026.

About the company

The business specializes in the fabrication, trading, and maintenance of critical components for underwater pelletizing systems, operating from a manufacturing plant located in Waghodia GIDC, Vadodara, Gujarat. Product offerings feature pelletizing die plates, cutting blades, knife holders, and tapped driving bushes alongside specialized aftermarket solutions. Additionally, the firm supplies refurbishment services for used plates and provides customized white-label manufacturing. International shipments accounted for a significant share of operational revenue.

IPO structure and use of proceeds

The public offering consists exclusively of a fresh issue of up to 3,648,000 equity shares carrying a face value of 10 Indian Rupees each. The established price band spans from 150 to 158 Indian Rupees per share, with an application lot size set at 800 shares. Because the share sale is a completely fresh issue, all proceeds will be received by the enterprise rather than selling shareholders. Capital raised through the fresh issue is allocated toward financing machinery purchases, laboratory equipment, utility installations, constructing a new office building and manufacturing facility, paying down specific outstanding debt obligations, supporting working capital needs, and general corporate purposes.